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15 сентября, 23:10

Horrible storms evoke the coercive hysteria of climate activism

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Climate activism discredits itself with coercive hysteria.

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15 сентября, 20:51

Baker Hughes: US rig count falls by 8

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The US rig count during the week ended Sept. 15 recorded its largest decline since the end of the drilling dive of late-2014 to mid-2016.

15 сентября, 19:40

Russia has closer eye on Venezuelan oil than China, House panel told

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Russia probably has a stronger interest now than China in propping up President Nicolas Maduro’s regime to gain more access to Venezuela’s massive crude oil deposits, two witnesses told a US House Foreign Affairs subcommittee on Sept. 13. But China has more financial leverage over the South American country’s government, with up to $60 billion of loans since 2007 in exchange for 500,000 b/d of Venezuelan crude, they said.

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15 сентября, 19:16

Inpex to acquire 40% in Barents Sea exploration license

Inpex Corp., Tokyo, said it will acquire a 40% interest in exploration license PL767 in the western Barents Sea offshore Norway from Bayerngas Norge AS.

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15 сентября, 19:10

CCS must clear financial obstacles to move beyond EOR, witnesses say

Carbon capture and storage (CCS) faces bigger financial obstacles than environmental ones if it is to spread beyond enhanced oil recovery (EOR) in the US, witnesses agreed at a Sept. 13 US Senate Environmental and Public Works Committee hearing.

15 сентября, 17:44

MARKET WATCH: NYMEX crude oil price nears $50/bbl

The US light, sweet crude oil contract for October approached $50/bbl while the November contract settled above $50/bbl Sept. 14 on the New York market. Oil price gains slowed Sept. 15 after North Korea fired a missile over Japan for the second time in a month. The launch came days after the United Nations Security Council adopted fresh sanctions against North Korea.

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15 сентября, 00:09

House passes Interior, EPA budget bill with some key amendments

The US House of Representatives approved the Fiscal 2018 Interior Department, Environment, and Related Appropriations bill on Sept. 14 that included two amendments affecting oil and gas producers that it adopted the previous day. Approval of the amended bill was by a 211-198 vote, heavily along party lines.

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15 сентября, 00:00

Uzbekistan lets contract for refinery in Jizzakh region

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Uzbekistan has let a contract to Enter Engineering Pte. Ltd. of Russia to build its previously announced 5 million-tonne/year grassroots refinery in the former Soviet state’s eastern Jizzakh region.

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14 сентября, 20:26

DGR Global joins Armour in Uganda

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DGR Global Ltd., Brisbane, has made an agreement with fellow explorer Armour Energy Ltd., also of Brisbane, to take part in Armour’s application for the Kanywataba block at the southern end of Lake Albert in Uganda.

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14 сентября, 20:16

Papua New Guinea begins landholder LNG royalty payments

The government of Papua New Guinea has started paying local landholders royalties from the ExxonMobil Corp.-operated Papua New Guinea LNG (PNG-LNG) project.

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14 сентября, 19:55

EIA: World energy consumption to increase 28% by 2040

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World energy consumption is projected to rise to 736 quadrillion btu (quads) in 2040 from 575 quads in 2015, an increase of 28%, according to the latest International Energy Outlook 2017 (IEO2017) from the US Energy Information Administration.

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14 сентября, 19:14

BP partnership, Azerbaijan extend Azeri-Chirag-Gunashli PSA

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The BP PLC-led production-sharing agreement (PSA) for the giant Azeri-Chirag-Gunashli group of oil fields in the Caspian Sea will be extended through 2049.